NASDAQ:CRUS

Cirrus Logic Stock Just Stumbled. The Apple Question Comes Next
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Cirrus Logic Stock Just Stumbled. The Apple Question Comes Next

Cirrus Logic shares closed Friday at $169.95, down 2.51%, after touching a 52-week high of $180.42 earlier in the week. The company launched nine new audio converters on May 28 and reported record annual revenue and earnings in early May. Apple added Cirrus to its American Manufacturing Program in March, with plans for $400 million in investments through 2030. Chip sector ETFs were little changed Friday.
May 31, 2026

Stock Market Today

  • Tesla Stock Rises 28% Amid Competition and Profit Challenges
    May 31, 2026, 10:52 AM EDT. Tesla shares have surged 28% in recent weeks, yet challenges persist. The electric vehicle (EV) maker faces intensifying competition, notably from Chinese rival BYD, which leads in sales volumes. Tesla's automotive revenue grew 16% year-on-year in Q1, but profitability declined sharply from $7.1 billion in 2022 to $3.8 billion in 2023. The company's energy generation and storage segment also saw a 12% revenue decline in the first quarter. Despite these headwinds, Tesla's stock rally may reflect short-term factors, including easing market concerns and recent earnings. Investors should weigh ongoing market risks such as US tariffs, fading tax credits, and global conflicts before considering new positions.